Lightrock Netherlands B.V. Sells 235,000 Shares of Compass Minerals International, Inc. $CMP

Lightrock Netherlands B.V. lessened its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 31.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 520,373 shares of the basic materials company’s stock after selling 235,000 shares during the period. Compass Minerals International accounts for approximately 2.4% of Lightrock Netherlands B.V.’s portfolio, making the stock its 18th largest holding. Lightrock Netherlands B.V. owned approximately 1.25% of Compass Minerals International worth $10,454,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMP. Envestnet Asset Management Inc. raised its position in shares of Compass Minerals International by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 49,191 shares of the basic materials company’s stock worth $457,000 after buying an additional 1,535 shares in the last quarter. Readystate Asset Management LP raised its position in shares of Compass Minerals International by 8.7% in the first quarter. Readystate Asset Management LP now owns 65,699 shares of the basic materials company’s stock worth $610,000 after buying an additional 5,246 shares in the last quarter. Assetmark Inc. raised its position in shares of Compass Minerals International by 27.4% in the first quarter. Assetmark Inc. now owns 38,283 shares of the basic materials company’s stock worth $356,000 after buying an additional 8,233 shares in the last quarter. Corton Capital Inc. raised its position in shares of Compass Minerals International by 65.4% in the first quarter. Corton Capital Inc. now owns 18,690 shares of the basic materials company’s stock worth $174,000 after buying an additional 7,390 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Compass Minerals International in the first quarter worth $40,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMP. Zacks Research downgraded Compass Minerals International from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $20.00.

Compass Minerals International Trading Up 1.6%

NYSE CMP opened at $17.67 on Wednesday. The stock’s 50-day simple moving average is $18.78 and its two-hundred day simple moving average is $18.63. Compass Minerals International, Inc. has a twelve month low of $8.60 and a twelve month high of $22.69. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $736.45 million, a price-to-earnings ratio of -6.05 and a beta of 1.11.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. During the same period last year, the business posted ($1.05) earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. Research analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Compass Minerals International Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.